In response to high inflation rates, the IRS made some of the biggest adjustments in history for tax year 2023. These changes affect individual tax brackets as well as some key tax deductions and credits for the taxes you will file in 2024. We go over the most...
gift-tax
Is Your Small Business Ready for an Economic Recession?
Given the current economic uncertainty amidst the Coronavirus pandemic, small business owners worldwide are experiencing the gravity of preparing for an economic downturn. Read on for some practices that, moving forward, will help ensure your small business’s survival...
Breaking Down Taxes: Here Are the Main Types We Pay in the U.S.
The U.S. tax system is complex, but understanding the different taxes we pay can be a beneficial tool for financial planning. Below is a broad overview of the most common types of taxes we pay in the U.S. Income Tax Income taxes, which are levied on personal income,...
Guide to Gift-Tax Free Tuition Giving
It is certainly no secret that the cost of attending college has increased significantly in the last several years. In fact, a 2015 study by US News suggested that the cost of tuition at both private and public institutions has risen by an average of 225 percent since 1995. With such drastic cost shifts, the […]